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On 16 November 2016 the Sejm (lower chamber of the Parliament) adopted a bill to amend the VAT Act and certain other statutory laws, calling for numerous changes in the VAT Act and the Criminal Fiscal Code, among other laws.

With 125+ locations in 50+ countries, Dentons is home to top-tier talent that is found at the intersection of geography, industry knowledge and substantive legal experience. Working with Dentons, you will have the opportunity to learn from the best lawyers in the industry at the largest law firm in the world.

Dentons is proud to congratulate our six lawyers who are listed as “Canada’s Leading Litigation Lawyers” by Lexpert, in its 2016 special edition that profiles Lexpert-ranked lawyers in several areas of business-related litigation.

Dentons Rodyk & Davidson LLP, part of the world’s largest law firm, Dentons, is pleased to announce that John Dick has joined the Firm as part of its Energy, Resources and Infrastructure practice and its South East Asia regional practice.

Apart from a fundamental disagreement between the parties as to whether the Affordable Care Act ("ACA") should be repealed and replaced, insurance regulatory issues did not play a large role in the Presidential campaign. That does not mean, however, that President Trump will not make significant changes in how the federal government interacts with state insurance regulators. Here are some examples of where changes may come.

The close of 2016 will mark the end of the third full year that the Affordable Care Act (ACA) has been fully implemented. Data is available for the first two "reporting years," 2014 and 2015, for which health insurers and managed care companies (carriers) have reported vital figures, such as premiums earned, cost-sharing reductions received, medical loss ratios and risk adjustment data, the subject of this Update, among other data points. As a result, we now have a better picture regarding the extent to which the ACA has been working as intended, and where it has fallen short.

Following the UK's decision to leave the European Union (EU) after its recent referendum vote, Dentons has formed a Brexit response team which is helping to guide clients through the legal and commercial risks and opportunities presented by this decision and the practical next steps they will need to take. This response team is available to offer advice and know-how to clients around the world as the UK transitions towards leaving the EU. Martin Mankabady is a key member of that team. Listen as he discusses what Brexit might mean for current commitments and future transactions in the insurance industry.

In recent months, life insurers across the country have faced a new onslaught of putative cost of insurance class actions. These cases bring novel theories but may also revive a decades-old jurisprudential debate over whether a seemingly simple phrase—“based on”—indicates an exhaustive list of factors meant to provide the sole basis for calculating cost of insurance rates. Insurers who have recently announced, or are considering, COI increases should carefully monitor the latest wave of COI litigation.

The World Bank Group last month announced the Pandemic Emergency Financing Facility (PEF), a new global financing mechanism that is the first-ever insurance market to protect against the global liability risks associated with deadly pandemics.

Cybersecurity has taken on greater significance as consumer financial and health information is increasingly being stored in electronic form, and is a regular topic for discussions for business, regulators and the world at large. This is no less true at the NAIC, which recently presented on the subject of cybersecurity risks at the NAIC's Insurance Summit last week.

The US Department of Health and Human Services (HHS) released an interim final rule with comment (IFC) to bolster the viability of the remaining Consumer Operated And Oriented Plans (CO-OPs), taking effect almost immediately. This alert provides an overview of the IFC's key changes to existing CO-OP regulations affecting board membership, access to capital and group insurance.

Insurance companies are increasingly using “big data” to optimize all aspects of their businesses. The National Association of Insurance Commissioners recently formed the Big Data Working Group to understand how the insurance industry is using big data, as well as the positive and negative impacts on consumers.

Whether because of the cost of the policies, or their religious and political principles, many Americans are looking to avoid enrolling in a traditional comprehensive health insurance plan as required by the Affordable Care Act’s (ACA) individual mandate.

In February, we wrote about the controversial effect of the federal risk adjustment factor on carriers, particularly in light of the recent failures of certain Co-ops. Shortly thereafter, the US Department of Health and Human Services (HHS) and the Centers for Medicare & Medicaid Services (CMS) took action to change the risk adjustment methodology and payment transfer model going forward, with public input.

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